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SYDNEY — There have been plenty of firsts in the history of the Sydney to Hobart yacht race which was first held in 1945. An all-Filipino crew of 15 sailors will make it another when the annual ocean classic begins in Sydney on Thursday. With veteran sailor Ernesto Echauz at…

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THE countrys debt service burden (DSB) increased 16.82 percent in the January to September 2024 period according to the latest data released by the Bangko Sentral ng Pilipinas (BSP). The data showed a $1.85-billion increase in the debt service burden to $12.85 billion in the nine-month period this year from…

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THE Philippine government signed over $6 billion worth of Official Development Assistance (ODA) loans and grants this year according to the Department of Finance (DOF). In a statement on Monday DOF said it signed 12 loan financing agreements amounting to $5.67 billion or P333.42 billion. These funds are intended to…

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MALACAÑANG said Monday President Ferdinand Marcos Jr. is not considering having a reenacted budget for next year and will push for the passage of the proposed P6.352-trillion 2025 General Appropriations Act (GAA) this month. In brief statement Presidential Communications Office (PCO) Secretary Cesar B. Chavez said Marcos met with Executive…

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THE National Grid Corporation of the Philippines (NGCP) and the Energy Regulatory Commission (ERC) came under scrutiny as the House Committee on Legislative Franchises investigated franchise compliance project delays and practices burdening consumers. Per the report of Energy Undersecretary Sharon Garin out of 111 approved projects under the third regulatory…

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IF the Philippines is keen on exiting from the Financial Action Task Force (FATF) grey list the government must continue its recent efforts and reform the bank secrecy law according to the International Monetary Fund (IMF). In a report released after the 2024 Article IV consultations the IMF welcomed the…

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THE International Monetary Fund (IMF) believes the gradual approach taken by the Bangko Sentral ng Pilipinas (BSP) in reducing rates is the right call to better manage supply shocks. In a report released after the 2024 Article IV consultations between the Philippines and the IMF the Washington-based lender said along…

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STEADY communication between the government academe and the private sector could improve the countrys agrifood system the Food and Agriculture Organization of the United Nations (FAO) said. FAO Representative in the Philippines Lionel Dabbadie said addressing the agrifood system which involves the capacity to deliver food to consumers requires unwinding…

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JUST in time for Christmas! Elderly persons can still avail themselves of the 20-percent discount for medicines even if they fail to present their purchase booklet to drugstores. The Department of Health (DOH) is making it convenient for senior citizens to avail their discount when buying medicines sans a purchase…

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THE trading of Renewable Energy Certificates (RECs) will officially commence on December 26 marking the full commercial operation of the Renewable Energy Market (REM) the Department of Energy (DOE) announced Monday. The RECs are market-based instruments representing one megawatt-hour (MWh) of electricity generated from eligible renewable energy (RE) facilities such…

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The Tulfo brothers Erwin and Ben continued to dominate the survey for senatorial preferences in the 2025 elections but former Senate President Vicente Sotto III shared the rank 2-3 with Ben Tulfo according to the latest results of Tugon ng Masa conducted by Octa Research. Octa president Ranjit Rye shared…

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OFFICE of Civil Defense (OCD) administrator Undersecretary Ariel Nepomuceno on Sunday met with disaster response officials to discuss contingency plans amid the recent series of earthquakes that have struck Ilocos Sur raising concerns about a potential tsunami event. The meeting brought together various government agencies to focus on preparing for…

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THE Philippines has nearly a billion pieces of polymer banknotes this year and even more in the years to come according to the Bangko Sentral ng Pilipinas (BSP) even as it clarified that the release of the polymer banknote series will not phase out existing paper banknotes. In a recent…

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THE Philippine Economic Zone Authority (PEZA) is eyeing the opening of 30 new ecozones in 2025. According to PEZA Director General Tereso O. Panga the investment promotion agency (IPA) supports the plan to integrate small and medium enterprises (SMEs) into the ecozone value chain. To do that he said the…

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EXTERNAL risks which include geopolitical factors could prompt the Bangko Sentral ng Pilipinas (BSP) to reduce rates by a modest 50 to 75 basis points next year according to US-based think tank GlobalSource Partners. In his latest note GlobalSource Partners country analyst Diwa Guinigundo said these external risks hinge on…

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THE National Press Club (NPC) on Sunday called on the Senate to tackle the bill that excludes members of the media from individuals tasked to witness inventory of seized suspected illegal substances during anti-drugs operations. The group echoed the sentiments of the party-list group ACT-CIS and its nominee in the…

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THE vaccine expert of the House of Representatives on Sunday urged the public to take extra precautions against respiratory ailments. Iloilo Rep. Jeanette Garin issued the call in the wake of reports of a high number of cases of pulmonary tuberculosis (TB) in Tondo Manila. The group Médicins Sans Frontières…

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SENATE Minority Leader Aquilino Pimentel III on Sunday urged bus companies to fully implement online booking systems to ease congestion at terminals and improve passenger experience. Pimentel emphasized the benefits of advance online booking saying Mas maginhawa ang pagbiyahe kung mayroon tayong online booking system. Malaking tulong ito sa mga…

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THE Philippines could expect more sources of meat imports following the accreditation of meat plants from four countries. Agriculture Assistant Secretary for Ruminant Livestock Benjamin Albarece confirmed that the Department of Agriculture (DA) granted accreditation to foreign meat establishments (FMEs) in Sweden Portugal India and Russia. He noted that the…